Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Bank of Japan raises interest rates to 31-year high
TOKYO, June 16 : The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.The hike was the first since December and aligns the BOJ with other central b
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Indian AI model developer Sarvam raises US$234 million, valuing it at US$1.5 billion
Indian IT services and technology company HCLTech led the funding round with a US$150 million investment and will work with Sarvam to develop language models and AI solutions for its global clients.
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Weather uncertainty looms over durian season as sellers turn to technology to secure supply
Harvests from some regions in Malaysia are expected to arrive in Singapore later this month, but supply is likely to be lower than last year’s bumper crop.
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Iran draw 2-2 with New Zealand in politically charged World Cup clash in LA
INGLEWOOD, California, June 15 : Iran twice came from behind to draw 2-2 with New Zealand in an exciting World Cup clash at Los Angeles Stadium on Monday, as protests against Tehran’s government and a tentative agreement to end the U.S.-Iran war formed a charged backdrop to the match.New Zealand took an early
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Pakistan eyes more global bond issues, sees budget upside from Iran deal
ISLAMABAD, June 16 : Pakistan could improve economic projections for 2027 after the end of the Iran war, but it is still too early to revise the budget, Finance Minister Muhammad Aurangzeb told Reuters, hours after the U.S. and Iran signed a deal to end the fighting.Damaged energy infrastructure meant supply
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OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports
June 15 : OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday.Audited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and nearly $6 billion on sales and marketing, as well as
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Austria coach Rangnick wary of Jordan at World Cup of surprises
SANTA CLARA, California, June 15 : Austria coach Ralf Rangnick is wary that his team could become the latest European nation to be thwarted by sides from the Asian confederation at the World Cup if they fail to bring their best against debutants Jordan on Tuesday.Czech Republic lost 2-1 to South Korea last w
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Bank of Japan hikes interest rate to 31-year high
TOKYO: The Bank of Japan hiked interest rates to a 31-year high on Tuesday (Jun 16) as it battles inflation caused by the Middle East war, even after Washington and Tehran agreed on a peace deal.The
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G-Dragon and Nike collaborate on World Cup collection for South Korea
As part of its X2 project, Nike has partnered with seven organisations from seven countries to launch capsule collections, with K-pop star G-Dragon’s fashion line, Peaceminusone, representing South Korea.
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‘Protectionist instincts’: Seafood traders caught in Thai-Malaysia row over shrimp, seabass exports
A seafood trade dispute between Thailand and Malaysia has created uncertainty for Thai farmers and Malaysian sellers.
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